2342 AURELIUS Road Pending Save Request In-Person Tour Request Virtual Tour
Delhi Charter Twp,MI 48842
Key Details
Property Type Multi-Family
Sub Type Contemporary
Listing Status Pending
Purchase Type For Sale
Square Footage 18,200 sqft
Price per Sqft $101
MLS Listing ID 20240081425
Style Contemporary
Bedrooms 19
Full Baths 19
Year Built 1999
Annual Tax Amount $21,912
Lot Size 1.490 Acres
Property Sub-Type Contemporary
Property Description
Sugar Pine Apartments is a stabilized, value-add 19 unit apartment building located in Holt, MI. The property consists of eighteen 1 bedroom apartments (800 square feet) one 3 bedroom unit (1,000 square feet) and 9 storage units. The property is 100% occupied grossing $17,295 per month.
All 19 units are in one building - that was built in 1999. Each unit is equipped with a window air conditioning unit, along with baseboard heat. There are 28 parking spaces for the 19 units. The units are separately metered for electric which the tenant puts in their name. The heat is supplied through baseboard heat. The landlord pays for water, sewer and trash. Most properties in the area bill back for these utilities, so there is opportunity to increase value through collecting RUBS. The current owner has invested over $100,000 into the building this year including patching, sealing and striping the parking lot, 3 unit renovations, and exterior / common area CAPEX.
Location
State MI
County Ingham
Area Delhi Charter Twp
Zoning Multi-Family
Interior
Heating Baseboard
Exterior
Roof Type Asphalt
Building
Foundation Basement
Sewer Public Sewer (Sewer-Sanitary)
Water Public (Municipal)
Structure Type Brick
Schools
School District Holt
Others
Assessment Amount $569
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional